DOGE Large Transactions Hit Milestone as Investors Eye More Gains

Hand holding gold Dogecoin with blurred candlestick chart in the background. DOGE is the most popular meme coin in cryptocurrency world.

Dogecoin transactions worth more than $100,000 have reached a four-month high of 2,440, interpreted as a market repositioning for big moves.

Source: Twitter

Dogecoin Large Transactions

Dogecoin Large Transactions

DOGEUSD is up +1.33%

The surge comes after the announcement that the acquisition of Twitter by Elon Musk for $45 billion has been finalized at $54.2 per share.

Cryptocurrency analyst Ali Martinez maintains that the DOGE is projected to rise to $0.24 after breaking from a wedge pattern in the past week.

The meme tokens have also increased in market capitalization to about $2 billion in the period that Musk and Twitter were pondering about the deal.

The confirmation has pushed the price of DOGE up by 32.69% to trade at $0.1652 in the past day and 18.16% in the past seven days. Dogecoin is expected to rise as much as $0.5 in the year.


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